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RE: The crypto market has fallen to the lowest level since November last year

in #cryptocurrency7 years ago

I think crypto has been overhyped for a while. We need to see it really being used for it to deserve the high prices we've seen. Realism may be setting in as legislators catch up with it. I say this as someone who never bought into Bitcoin, but if you did that a few years back then you are still making massive profits.

The Benetton news is important. If people can actually spend their crypto then more will get into it. Steem is well placed for that with rapid, free transfers. We need to make that better known. Bitcoin is too slow and expensive a lot of the time.

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I totally agree with you. Cryptocurrencies should show what they are capable of, for this is the time. The hype has passed.

Steem is well placed to be a big name in crypto/fiat currency market as the fastest means of transfer and I am so glad to be here to witness the gradual shift from government backed currencies to crypto. I think it is a phenomenal thing to be a part of.